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A corporation is a separate legal entity in law and exposed to liability, civil and criminal, for any wrongdoing. The latter is premised on the maxim actus non facit reum nisi mens sit rea which means an act is wrongful only when it is done...

September 2021 1. Introduction On July 17, 2021, Delhi’s Karkardooma Court Complex (a district court) witnessed a dramatic re-enactment of the iconic “Tareekh pe Tareekh” (literally meaning dates after dates) dialogue from a famous Indian movie.[1] The angry litigant allegedly vandalized[2] the dais, furniture and computers inside...

September 2021 On September 23, 2021, the Registrar of Companies (“ROC”) granted an automatic extension of 2 months for holding Annual General Meeting (“AGM”) for Financial Year (“FY”) 2020-21. What is AGM extension: As per section 96 of the Companies Act, 2013, every company is required...

August 2021 1. Introduction In 2007, UK-based Vodafone acquired a telecom services company Hutchison Essar, for a consideration of about USD 11 billion. It was a case of an indirect transfer of shares of a foreign company that derived substantial value from assets located in...